DeAngelis Legal obtained Letters of Personal Representative for a trustee who identified an asset that was not transferred to the trust. The deceased participated in his employer’s stock option plan. Unfortunately, the plan failed to name a beneficiary and the employer would not transfer the asset without the Letters of Personal Representative. DeAngelis Legal prepared [...]
Sometimes trust administrations are easy. DeAngelis Legal represented the beneficiary of a trust created by the beneficiary’s parents. Years of strained relations caused tension between family members, one of which was the trustee. After obtaining the documents clarifying past transactions, accounting and distribution amounts, the beneficiary signed off on the trust and received his share [...]
DeAngelis Legal created another non-judicial settlement agreement modifying the terms of an irrevocable trust. Decedent died before updating his estate plan, an all-too-common occurrence, leaving the beneficiaries of his trust to piece it together and work out the details themselves. DeAngelis Legal prepared the settlement agreement, modifying the decedent’s trust to conform with his intentions [...]
June marked the end of a four year complex trust administration odyssey. This administration could have been a television show, as it had every intrigue you can imagine - power struggles, illiquid assets, environmental claims, a defunct closely held business with unpaid claims, an injunction preventing the sale of real estate, property tax claims, third [...]
An increase in deaths in Arizona over the winter caused an increase in probate and trust administration. DeAngelis Legal continued to provide assistance to family members with these administrations from the preparation of simple Affidavit of Small Estates and Informal Probates to more complex situations requiring Formal Probates and difficult trust administrations. Each situation is [...]
DeAngelis Legal assisted new client with the judicial termination of a Charitable Remainder Trust. The trust was established many years earlier and was struggling to cover increased administrative costs and distributions to the income beneficiaries. DeAngelis Legal worked with the income beneficiaries, the charitable remainder beneficiaries, their accountant and the corporate trustee to value the [...]
The death toll resulting from COVID-19 continues to climb. June was no exception, with several new probates opened and trusts administered. A common theme among them was the failure to find the decedent’s original documents. The probate process is one of the few remaining areas where an original will is still required. This is because [...]
Assisted successor trustees with the administration of a trust after the death of both spouses. What should have been a simple administration was complicated by poor planning, the surviving spouse’s failure to follow the terms of the trust and her failure to provide remainder beneficiaries with important information, such as where the original documents are [...]
Three years! After three years, we completed the administration of a client’s deceased aunt’s estate and trust. What should have been a relatively simple administration turned into a lengthy probate. The administration was not contested but was complicated by the aunt’s lack of financial records, failure to title assets in the name of her trust, [...]
July marked our first confirmed trust administration of a COVID-19 related death. Several members of the family contracted the disease and unfortunately, the father died. The Scottsdale couple were long time clients of the firm and the death surprised everyone. DeAngelis legal prepared the initial trust package with the required documents, including the acceptance of [...]
